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Dec 3, 2012 3:00pm EST
on the fiscal cliff is just being released. let's go to e-mailen j amon jav >> they say boehner is offering multi-step solution here, including what he's after is $800 billion in revenue through tax reform. that's obviously significantly less than the $1.6 trillion the president asked for his-n his initial offer last week. other details in this offer being reported by nbc. health savings of $600 billion. other mandatory savings of $300 billion. a revision to cpi of $200 billion. and further discretionary savings of $300 billion. guys, it looks like the horse trading is alive and well here in washington. now this offer being extended from the republicans. you can assume that the white house will not think this is enough tax revenue to go forward, but, of course, offers are being exchanged here so that's a sign negotiations are under way, guys. >> let's get into the details here. $600 billion in health savings. what does that mean for medicare? break it down in terms of where these savings come from. >> i wish i could. what we don't have here is a lot of detail hanging off this christmas tree
Nov 29, 2012 3:00pm EST
. you can see when they happen when we show you today's chart. speaker boehner's comments pushed the market lower. then other comments brought them back a little bit. the dow is up just 45 points right now at 13,030. the nasdaq also trading higher today. last i checked, it was up 21 points. there it is at 3,013. that's about the high for the session. the s&p is up about seven points at 1416. >> a bit of a roller coaster ride today after fiscal cliff comments from both parties. >> eamon javers on capitol hill is following the drama, which changes moment by moment. >> absolutely, bill. it's been a bit of a roller coaster ride, as you say, on capitol hill with duelling press conferences today. follow along with me here on what each person said from each party and how that impacted the market, starting with speaker john boehner. here's what he had to say early in the day. >> despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. and secondly, no substantive progress has been made in the talks between the hou
Dec 5, 2012 3:00pm EST
boehner more elbow room in his negotiations and might help him beat back a little brush fire he saw on the right wing yesterday for being criticized after offering up $800 billion in tax increases. meanwhile, the white house confirming it has directed the office of management and budget to prepare plans for these massive spending cuts that would come at the end of the year if we go over the fiscal cliff. the white house saying they don't expect we will. they still hope it can be prevented, but they have to start planning. also, speaker of the house john boehner meeting with small business leaders on capitol hill where he reiterated some of his key points. again, just within the past hour. take a listen. >> business owners with us today are here to highlight president obama's demand to raise tax rates instead of cutting spending. his plan will hurt nearly 1 million small businesses around our country. that will affect hundreds of thousands of jobs. >> reporter: and guys, there are republicans here on capitol hill who are urging the speaker to cut a deal with the president. i talked t
Nov 30, 2012 3:00pm EST
from speaker boehner and the president. do you make anything of that? is the market becoming immune to the public outcry or what? >> you know, i don't know about the public outcry issue, but i can tell you this. it doesn't surprise me that on a friday the stock market would pay less attention to the tape bombs than other days because of the weekend and the issues of trading and any surprises that come up. i would doubt if you're going to even see much movement in the last hour. treasuries, on the other hand -- well, actually, they're very similar. but where you start to see something different is as our guest was talking about. move outside of treasuries. if you look at barclays, whether it's their high-yield index or investment index, they're not at their best levels, but they've been big movers. the biggest issue is the taxes surrounding munis. that was started in '07. all-time new highs today. even if you look at the lipper or barclay indices, it reflects the same thing. in a way, it's sad. in a way, it isn't. it underscores all of these tax implications that are moving trades ar
Dec 4, 2012 3:00pm EST
and boehner say today, you know, there's no room right now for a meeting behind closed doors. we don't necessarily need to sit down face to face and figure this out, even though we're in countdown mode. fiscal cliff is going to impact a lot of industries and arguably put us into recession next year. >> that's the problem with short-term growth. if we get some sort of compromise, that doesn't peen we're going to have a negative effect on the economy. even the president's proposal, that could be less than 1% for -- >> already, this anticipation going into arguably the most important time of the year in terms of consumer spending, certainly the holidays, this anticipation of, you know, we don't know what's going on in the next couple of months, coupled with the fact we just came off of hurricane sandy, this is not the time to play games and taunt one another with these plans that everybody knows are not real plans. >> i agree, but i think we should look beyond one year's growth. we're talking about growth through 2050. the gentleman pretending to know he knows the growth rate between no
Dec 6, 2012 3:00pm EST
to higher taxes, you seem to disagree with house speaker boehner when he says raising taxes on the highest earners will hurt jobs. can you elaborate on that? >> i think what the speaker is saying quite correctly is you don't want to increase taxes on the job creators. the problem here is the 1986 act that equalized corporate and personal rates. so the most important thing is to have an internationally competitive corporate rate of 25% and a territorial tax system and then individuals who have been filing their businesses as s-corporations or pass-through corporations can incorporate and get that lower rate. they can negotiate on the individual rates. >> so you don't think the ordinary income, then, the 39.6% that we're talking about, in that case, would apply to small business. they would fall under the corporate tax rate. >> yes, exactly. people forget that until 1986, corporate and individual rates were separate. a big part of the '86 act was to equalize them. there's a big difference between 2012 and 1986. only 17% of our economy was related to trade in '86. last year in 2011 it was 32%
Search Results 0 to 5 of about 6